Can I retire at age 71 with 678,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$55,989$55,490$55,003$54,528$54,065$53,345
2 years$27,717$27,201$26,701$26,216$25,745$25,021
3 years$18,295$17,776$17,277$16,797$16,334$15,628
4 years$13,584$13,067$12,573$12,101$11,649$10,967
5 years$10,759$10,245$9,757$9,295$8,856$8,199
6 years$8,876$8,366$7,885$7,433$7,007$6,377
7 years$7,531$7,026$6,553$6,111$5,699$5,096
8 years$6,523$6,022$5,557$5,126$4,728$4,151
9 years$5,740$5,243$4,787$4,367$3,981$3,431
10 years$5,113$4,622$4,173$3,764$3,392$2,868
11 years$4,601$4,115$3,674$3,276$2,917$2,419
12 years$4,174$3,693$3,260$2,873$2,528$2,054
13 years$3,814$3,337$2,913$2,537$2,205$1,755
14 years$3,505$3,034$2,617$2,252$1,933$1,507
15 years$3,238$2,771$2,363$2,008$1,702$1,299
16 years$3,004$2,543$2,142$1,798$1,504$1,123
17 years$2,798$2,342$1,950$1,616$1,333$974
18 years$2,615$2,164$1,780$1,456$1,186$847
19 years$2,451$2,005$1,629$1,316$1,057$738
20 years$2,304$1,863$1,495$1,192$944$644
21 years$2,172$1,736$1,375$1,081$845$563
22 years$2,051$1,620$1,268$983$757$492
23 years$1,941$1,515$1,170$895$680$432
24 years$1,840$1,420$1,082$817$611$379
25 years$1,748$1,332$1,003$746$550$332
26 years$1,663$1,252$930$682$495$292
27 years$1,584$1,179$863$624$446$257
28 years$1,511$1,111$803$572$403$226
29 years$1,443$1,048$747$524$364$199
30 years$1,380$989$696$481$329$175
31 years$1,321$935$649$442$297$154
32 years$1,266$885$605$406$269$136
33 years$1,214$838$565$374$243$120
34 years$1,166$794$528$344$220$106
35 years$1,120$753$494$316$199$93
36 years$1,077$715$462$291$181$82
37 years$1,036$679$432$269$164$72
38 years$998$645$405$248$149$64
39 years$961$614$379$228$135$56
40 years$927$584$355$210$122$50
41 years$894$556$333$194$111$44
42 years$863$529$313$179$101$39
43 years$834$504$293$165$91$34
44 years$806$481$275$153$83$30
45 years$779$458$259$141$75$27
46 years$753$437$243$130$68$24
47 years$729$417$228$120$62$21
48 years$706$398$214$111$56$18
49 years$683$381$202$103$51$16
50 years$662$363$189$95$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $678,000, adding $4,916 every year, while hoping to spend $45,232 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/47/19 Blend
70$678,000$678,000$678,000$678,000
71$752,227$716,293$705,784$773,265
72$780,827$703,265$681,301$776,158
73$810,829$688,082$654,482$774,745
74$842,328$670,592$625,201$772,274
75$875,426$650,632$593,326$768,678
76$910,236$628,030$558,720$763,889
77$946,881$602,604$521,237$757,833
78$985,494$574,162$480,729$750,437
79$1,026,219$542,500$437,038$741,623
80$1,069,214$507,404$390,000$731,313
81$1,114,651$468,645$339,443$719,425
82$1,162,720$425,982$285,188$705,876
83$1,213,624$379,162$227,049$690,581
84$1,267,588$327,915$164,829$673,453
85$1,324,857$271,958$98,326$654,403
86$1,385,698$210,990$27,326$633,344
87$1,450,405$144,694$0$610,184
88$1,519,298$72,736$0$594,654
89$1,592,728$0$0$583,394
90$1,671,080$0$0$573,527
91$1,754,774$0$0$603,229
92$1,844,272$0$0$635,053
93$1,940,080$0$0$669,187
94$2,042,753$0$0$705,839
95$2,152,899$0$0$745,233
96$2,271,187$0$0$787,618
97$2,398,348$0$0$833,267
98$2,535,188$0$0$882,480
99$2,682,590$0$0$935,586
100$2,841,525$0$0$992,945